Nissan expects 38% full-year profit rise on stronger sales outlook

TOKYO :Japan's Nissan Motor Co on Thursday said it expects profit to rise 38 per cent this year on a better outlook for sales, a rosier prospect for the automaker after years of setbacks that included a strained alliance with partner Renault SA.

Nissan sees operating profit rising to 520 billion yen in the financial year that started last month, compared with an average profit forecast of 396.21 billion yen in a poll of 19 analysts by Refinitiv. It also shows significant jump over a 377 billion yen profit in the year just ended. The company has to speed up the way it designs, manufactures and sells cars in China, Chief Operating Officer Ashwani Gupta told a briefing.

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Nissan sees 38% full-year profit rise on stronger sales outlookTOKYO :Japan's Nissan Motor Co on Thursday said it expects operating profit to rise 38 per cent this year on a stronger outlook for sales and production volumes.The Yokohama-based automaker sees operating profit rising to 520 billion yen ($3.85 billion) in the financial year that just started, compared to a 3
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